#英伟达财报周 Nvidia Price Trend Analysis
As of August 27, 2026, Nvidia (NVDA) shares have experienced a dramatic roller-coaster ride. On August 24, the stock fell for a seventh consecutive trading day, closing at $208.48 and marking its longest losing streak since September 2022. It had fallen more than 10% from its May all-time high of $235.74, wiping out approximately $151 billion in market value in a single day. On August 25, the stock rebounded, gaining more than 2%; on August 26, it closed at $209.66. The market is holding its breath for the release of Nvidia’s second-quarter fiscal 2027 earnings report after the market close on August 26.
Three Pressures Behind the Losing Streak
This losing streak was not caused by deteriorating fundamentals, but by the convergence of multiple macro and micro factors. First, the yield on 30-year U.S. Treasuries climbed above 5.3%, with rising risk-free rates directly constraining the valuation potential of high-growth stocks. Second, concerns about the AI hardware supply chain intensified—surging memory costs pushed up the prices of servers equipped with Nvidia AI chips by more than 15%, while Morgan Stanley data showed that memory costs for Vera Rubin racks rose by as much as 435%. In addition, the market has begun questioning whether the GPU market’s Nvidia-dominated structure will weaken.
Bull-Bear Battle on the Eve of Earnings
The options market indicates that the stock is expected to see a two-way move of approximately 5.4% after the earnings report. Goldman Sachs analysts noted that Nvidia shares had already risen more than 12% over the past two weeks, meaning some positive news may have been priced in ahead of time. Goldman Sachs believes that if three major catalysts—improved cloud provider profitability, controllable financing platforms, and continued stock buybacks—fail to materialize, the stock could fall rather than rise. Franklin Templeton fund managers, meanwhile, stressed that the market needs not only earnings above expectations but also a clear capital allocation roadmap—the forward P/E ratio for Nvidia has fallen to approximately 21 times, showing a clear divergence from its revenue growth rate.
The Long-Term Logic Remains Solid
On August 27, Amazon announced an additional purchase of 2 million high-end Nvidia AI chips, on top of the 1 million chips previously announced. Bank of America reiterated its “Buy” rating with a $350 price target, while Raymond James raised its price target to $352. A consensus of 61 Wall Street analysts gives Nvidia a “Strong Buy” rating, with an average price target of $305.79.
In the short term, Nvidia is transitioning from “valuation-driven” growth to “performance validation.” In the long term, the narrative of AI infrastructure construction is far from over, but the market’s scrutiny of the “pick-and-shovel seller” is becoming more stringent than ever.
As of August 27, 2026, Nvidia (NVDA) shares have experienced a dramatic roller-coaster ride. On August 24, the stock fell for a seventh consecutive trading day, closing at $208.48 and marking its longest losing streak since September 2022. It had fallen more than 10% from its May all-time high of $235.74, wiping out approximately $151 billion in market value in a single day. On August 25, the stock rebounded, gaining more than 2%; on August 26, it closed at $209.66. The market is holding its breath for the release of Nvidia’s second-quarter fiscal 2027 earnings report after the market close on August 26.
Three Pressures Behind the Losing Streak
This losing streak was not caused by deteriorating fundamentals, but by the convergence of multiple macro and micro factors. First, the yield on 30-year U.S. Treasuries climbed above 5.3%, with rising risk-free rates directly constraining the valuation potential of high-growth stocks. Second, concerns about the AI hardware supply chain intensified—surging memory costs pushed up the prices of servers equipped with Nvidia AI chips by more than 15%, while Morgan Stanley data showed that memory costs for Vera Rubin racks rose by as much as 435%. In addition, the market has begun questioning whether the GPU market’s Nvidia-dominated structure will weaken.
Bull-Bear Battle on the Eve of Earnings
The options market indicates that the stock is expected to see a two-way move of approximately 5.4% after the earnings report. Goldman Sachs analysts noted that Nvidia shares had already risen more than 12% over the past two weeks, meaning some positive news may have been priced in ahead of time. Goldman Sachs believes that if three major catalysts—improved cloud provider profitability, controllable financing platforms, and continued stock buybacks—fail to materialize, the stock could fall rather than rise. Franklin Templeton fund managers, meanwhile, stressed that the market needs not only earnings above expectations but also a clear capital allocation roadmap—the forward P/E ratio for Nvidia has fallen to approximately 21 times, showing a clear divergence from its revenue growth rate.
The Long-Term Logic Remains Solid
On August 27, Amazon announced an additional purchase of 2 million high-end Nvidia AI chips, on top of the 1 million chips previously announced. Bank of America reiterated its “Buy” rating with a $350 price target, while Raymond James raised its price target to $352. A consensus of 61 Wall Street analysts gives Nvidia a “Strong Buy” rating, with an average price target of $305.79.
In the short term, Nvidia is transitioning from “valuation-driven” growth to “performance validation.” In the long term, the narrative of AI infrastructure construction is far from over, but the market’s scrutiny of the “pick-and-shovel seller” is becoming more stringent than ever.
